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What is Life Insurance Plans ?



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Have heard there are various types life insurance plans, such as child plans, Ulip, retirement plans and so. Which company gives best claim ratio, as per my alanysis Bajaja allinaz Life insurance have settled 90.3 % ratio.
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agreed...!!! –  Jenny Dsouza  Dec 11 at 07:56

2 Answers

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Life Insurance Policy in India offers best life insurance plans in India that include various types of life insurance policies. Choose from a range of traditional & unit linked insurance plans designed to help you with your savings, retirement, investment & protection needs.
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A [life insurance policy][1] is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free. http://tinyurl.com/jv7ckjr
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